Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

A shopper peruses a mountain bicycle on display in a Costco warehouse Wednesday, May 10, 2023, in Sheridan, Colo. On Tuesday, the Commerce Department releases U.S. retail sales data for April. – Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things.

Retail sales data from the U.S. are not adjusted for inflation unlike many other government reports, so the headline increase only matched the monthly rise of 0.4% in the government’s consumer price index for April. That indicates that shoppers are struggling to keep up with inflation. Americans have remained resilient in their spending even with signs of weakness elsewhere in the economy. A solidYet there are signs that they are straining under the weight of higher prices, and the job market is likely to weaken in the second half, most economists believe.

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